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Interantional Ltd.

Note:- Composite carbon prices are a weighted average of the low
transaction values for all carbon steel products in the flat &
long categories, identified in three regions (EU, Asia, and
North America), converted into US Dollars using currency
exchange rates effective at the start of each month to provide a
basis for comparisons. These rates are utilised for our
forecasts. Index is based on January 1997 = 100.

Composite stainless prices are a weighted average of the low
transaction values for all grade 304 stainless steel products in
the flat & long categories identified in three regions (EU,
Asia, and North America), converted into US Dollars using
currency exchange rates effective at the start of each month to
provide a basis for comparisons. Index is based on April 1997 =
100.

Worldsteelprices.com cannot be made liable for any loss
resulting from the use of these prices however it may arise.